MAY 29, 2023

Welcome to the Monday, May 29, 2023, edition of WardsAuto Dealer 5. As always, there's plenty of news about the auto sector. We've gathered some of the most notable stories from WardsAuto and beyond to ensure you are in the know.

Lendbuzz Cuts Auto Loan Red Tape

“We focus on car financing for a segment of the market that has been underserved or overlooked,” says Lendbuzz CEO Amitay Kalmar.

ProfitTime® GPS: Make EVERY APPRAISAL with a North Star
As the search for inventory moves to less-traditional sourcing channels and vehicle values are more volatile than ever, many dealers are struggling with appraisals that are wildly inconsistent. But, dealers appraising with the “North Star” approach inside ProfitTime GPS have found a better way. Learn more about it!

Dealers Urged to Steer Fixed Ops Toward Exclusivity

Look for new areas where your dealership’s service department can dominate. Extra effort by service boosts profits and instills loyalty.

Full article

Consumers Offered Affordable Financing for F&I Products

Sunbit reports a 30-second application process and 90%-plus approval results.

Full article

Reasons Why Consumer Lending Is Ready for an Overhaul

The consumer lending industry’s limitations are becoming more evident, which means it’s time to rethink things and overhaul it in a more holistic, consumer-friendly and inclusive way.

Full article

Dealership Service Business Dips But Up Year-Over-Year

Revenue from service business was up 5.3% over a year earlier after hitting a record high in March.

Full article

That’s our WardsAuto Dealer 5 for today. We’ll be back soon with more high fives.

As always, please feel free to pass this along to your colleagues and others who are interested in automotive insights.

If you have questions, concerns or story ideas, please contact editor Nancy Dunham at NDunham@WardsAuto.com

Thanks for reading. We'll be back soon with more of the latest news.

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